Kura Sushi USA's (KRUS) "Hold" Rating Reiterated at TD Securities

TD Securities restated their hold rating on shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) in a report published on Wednesday,Benzinga reports. The firm currently has a $79.00 price target on the stock.

Several other analysts also recently issued reports on the company. Citigroup decreased their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Barclays boosted their price objective on Kura Sushi USA from $52.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Lake Street Capital cut their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Benchmark cut their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.30.

Kura Sushi USA Stock Performance

Shares of KRUS traded down $0.80 during trading hours on Wednesday, hitting $73.58. 316,164 shares of the company were exchanged, compared to its average volume of 227,550. The company has a market cap of $889.58 million, a PE ratio of -91.98 and a beta of 1.67. The firm's 50 day moving average is $73.96 and its 200-day moving average is $69.73. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. The company had revenue of $73,965 billion during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. As a group, equities analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $61,000. AlphaQuest LLC acquired a new position in Kura Sushi USA in the 1st quarter valued at approximately $68,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $77,000. US Bancorp DE raised its holdings in Kura Sushi USA by 14.8% in the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after acquiring an additional 268 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Kura Sushi USA in the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 65.49% of the company's stock.

About Kura Sushi USA